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economic measures would change if they adequately reflected improvements in health status. The study first discusses the theory … health status of the population. The present study develops a methodology and presents preliminary estimates of how standard … concept called 'health income' that can be used to incorporate improvements in health status. The study next discusses how the …
Persistent link: https://www.econbiz.de/10013248536
We develop a dynamic politico-economic theory of welfare state, featuring three groups of voters: skilled workers …
Persistent link: https://www.econbiz.de/10013226579
We develop a dynamic politico-economic theory of welfare state and immigration policies, featuring three groups of …
Persistent link: https://www.econbiz.de/10013149699
We show how technical change, measured as a shift in the GDP function, is combined with net income to track welfare change. This provides a bridge between the productivity literature and the welfare-related literature that tends to reason in terms of net product functions: although the relevant...
Persistent link: https://www.econbiz.de/10013143179
key links between pollution, human health, and labor productivity. Together, these assumptions imply that the benefits of … regulation to provide benefits through several different channels, including improved health or productivity. The model shows … that when the benefits of reduced pollution come in the form of improved health or productivity, the benefits do affect …
Persistent link: https://www.econbiz.de/10013221285
finding, arguing that the health benefits from reduced pollution will also interact with pre-existing taxes, possibly causing … for health effects by representing environmental quality and leisure as substitutes in utility. The present paper employs … considers health effects. It shows that interactions with health effects from pollution actually will tend to reduce the optimal …
Persistent link: https://www.econbiz.de/10013221508
The main goal of this paper is to develop an empirical framework for evaluating the patient welfare benefits arising from pharmaceutical innovation. Extending previous studies of the welfare benefits from innovation (Trajtenberg, 1990; Hausman, 1996), this paper unpacks the separate choices made by...
Persistent link: https://www.econbiz.de/10013230589
Local governments can provide services with their own employees or by contracting with private or public sector providers. We develop a model of this quot;make-or-buyquot; choice that highlights the trade-off between productive efficiency and the costs of contract administration. We construct a...
Persistent link: https://www.econbiz.de/10012759893
Using a general equilibrium model of the United States economy,we examine the combined welfare cost of all taxes in the U.S. revenue system.We find that the welfare losses caused by distortionary taxation can be very large, both on average and at the margin.The marginal welfare loss to consumers...
Persistent link: https://www.econbiz.de/10013322140
The quot;Easterlin paradoxquot; suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear...
Persistent link: https://www.econbiz.de/10012758453